188 Donning Dr, Summerville, SC 29483
5 beds · 4 baths · 3,320 sqft
WELCOME HOME to this thoughtfully-designed MUNGO home with Lowcountry charm nestled in the HIGHLY DESIRED neighborhood of The Ponds. Enjoy sipping sweet tea with family and friends on your inviting front porch or enjoy a BBQ in your beautifully-landscaped backyard. Upon driving through The Ponds you will feel as if you are taking a step back in time, with the sprawling Moss Oak Trees, lush landscaping and wooded trails. When entering the home, you will first appreciate the GLEAMING HARDWOOD FLOORS, 9-foot ceilings, wainscot paneling, freshly-painted walls and first-floor Primary bedroom with a HUGE soaking tub. This Southern-style home boasts a functional, yet charming layout, perfect for holiday gatherings and making memories. You can revel in the serene viewlooking out from your dining room table to your own personal, backyard oasis bursting with gorgeous native plants. While sipping your coffee on your freshly- painted SCREENED-IN PORCH, you will have an unobstructed view of the mature trees, Hydrangeas, Sky Pencils, vegetable garden beds and established Blueberry plants. Owners thoughtfully installed a large gate area on one side of the FULLY-FENCED backyard to ensure easy access for landscaping needs. Throughout the home you will notice the UPDATED, tranquil light fixtures and ceiling fans in the loft and all bedrooms. The custom drop zone is perfect for kids coming back from school or to keep items tucked away and organized. With generous living spaces, this home gives plenty of room to spread out with a one-of-a-kind, IMMENSE loft space upstairs. The loft, updated with PERGO flooring, has ENDLESS options and could be used as a second family room, a game room, or a home gym. Throughout the home, family and guests alike with be amazed at the ample CLOSETS! Listen to your favorite tunes with the surround system throughout this striking and unique home. Bask in the heavenly scent of Gain while you do laundry in the accommodating utility room. Enjoy peace of mind with the additional upgrades that owners completed since purchasing; *Pergo flooring in the loft area and hallway upstairs *carpet in bedrooms with upgraded carpet pads *Gutters *HVAC *dishwasher *fresh paint throughout the interior *fresh paint on front and back porches *fresh mulch *landscaping *upgraded light fixtures throughout *ceiling fans in loft and all bedrooms *fully-fenced backyard The Ponds is a enchanting neighborhood that embodies the essence of Charleston living. In addition, The Ponds has; *a zero-entry pool perfect for those hot, humid Southern days *a charming Farmhouse and Cottage *YMCA with Youth Sports right in the front of the neighborhood *Kayak launch *Several fishing spots throughout the neighborhood *A Fire Station within the neighborhood *various events throughout the year *a Dog Park for your pup to make friends *weekly food trucks *currently zoned for DD2 schools *under an hour drive to local beaches and downtown Charleston
Source: CTAR #25004234
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: CTAR #25004234
To qualify, you must meet the current FHA or VA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50%. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.